U.S.

One of the initial sites of the Catawba Digital Economic Zone in Rock Hill, South Carolina. (CDEZ)
US Tribal Nation Economic Zone Publishes Draft Rules for DAOs
The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.
One of the initial sites of the Catawba Digital Economic Zone in Rock Hill, South Carolina. (CDEZ)

Marathon Digital CEO Fred Thiel (CoinDesk)
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings in the second quarter.
Marathon Digital CEO Fred Thiel (CoinDesk)

Chairman Sherrod Brown (left) and ranking member Sen. Pat Toomey (Tom Williams-Pool/Getty Images)
US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.
Chairman Sherrod Brown (left) and ranking member Sen. Pat Toomey (Tom Williams-Pool/Getty Images)

Huobi moves forward with plans to enter the U.S. market. (Aaron Burden/Unsplash)
Huobi Tech Subsidiary Is Granted US Money Transfer License
The license opens the door for the brokerage unit to offer cryptocurrency transactions in the future.
Huobi moves forward with plans to enter the U.S. market. (Aaron Burden/Unsplash)

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Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
FTX CEO Bankman-Fried testified at a House hearing, defending his CFTC proposal to directly clear customers’ margin-backed derivatives.
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Sen. Pat Toomey (R-Pa.) (Kevin Dietsch/Getty Images)
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
Sen. Pat Toomey (R-Pa.) (Kevin Dietsch/Getty Images)

Coinbase CEO Brian Armstrong (Coinbase)
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Language Is SEC Requirement, CEO Armstrong Says
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.
Coinbase CEO Brian Armstrong (Coinbase)

Consumer Price Index, % Change Over 12 Months, including forecasted number for April 2022 CPI (Source: CoinDesk Research, Department of Labor Statistics, FactSet)
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
As inflation peaks, bitcoin traders should be wary of reading too much into data.
Consumer Price Index, % Change Over 12 Months, including forecasted number for April 2022 CPI (Source: CoinDesk Research, Department of Labor Statistics, FactSet)

Darin Feinstein, co-founder of Core Scientific, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Friday, April 8, 2022. The Bitcoin 2022 four-day conference is touted by organizers as "the biggest Bitcoin event in the world." Photographer: Eva Marie Uzcategui/Bloomberg via Getty Images
Core Scientific Begins Reporting Daily Bitcoin Mining Production
The figure will be updated every day at 12:00 p.m. EST (16:00 UTC) on the mining company's home page in a bid to improve transparency.
Darin Feinstein, co-founder of Core Scientific, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Friday, April 8, 2022. The Bitcoin 2022 four-day conference is touted by organizers as "the biggest Bitcoin event in the world." Photographer: Eva Marie Uzcategui/Bloomberg via Getty Images

Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)
Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America
The firm has shipped all of its machines out of China, but is waiting on hosting capacity to be completed.
Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)